Banking Code Standards Board

On 1st November 2009 responsibility for the regulation of deposit and payments products will transfer to the Financial Services Authority. In the light of this change the BCSB will be changing its name to become the Lending Standards Board (LSB). The LSB will monitor and enforce compliance with a new Lending Code that will replace those elements of the Banking Code and Business Banking Code relating to lending.

www.lendingstandarsdboard.org.uk will be launched on Monday 2 November.

See our glossary item for the Lending Stardard Board

Banking Code Standards Board (BCSB) is an independent body responsible for monitoring compliance with the Banking Code.

The mission of the BCSB is to ensure that the Banking Code and the Business Banking Code deliver their promises of fair dealing and standards of good banking practice to the customers of UK banks and building societies. The BCSB is sponsored by the British Bankers Association (BBA), the Building Societies Association (BSA) and the Association for Payment Clearing Services (APACS).

Related Links

BCSB website (External Link)